Future Autonomous Aircraft Market: Key Dynamics, Size & Share Analysis
The Global Autonomous
Aircraft Market size is valued at USD 7.5 Billion
in 2024 and is expected to reach USD 16.6 Billion by 2030,
exhibiting a growth rate (CAGR) of 15.2% during the forecast period, i.e.,
2024-30. The competitive advantages of autonomous technologies aerial vehicles,
such as lower human intervention & operational errors and reduced operation
costs, are expected to surge the demand for autonomous aircraft systems during
the forecast period. The development of artificial intelligence and smart
technologies, along with the increasing adoption of auto-functioning in the
aviation sector, are key factors boosting the overall market growth.
Top Market Challenges Impacting
the Autonomous Aircraft Market Growth
Rising Demand for Improved
Surveillance Leading to Development in the Autonomous Aircraft Market – The
rise in terrorism threats and heightened security issues worldwide have caused
governments to allocate more funds towards autonomous aircraft systems,
or drones, for
better surveillance capabilities. Additionally, these autonomous aircraft are
capable of executing covert operations and night-time monitoring across
multiple locations with payloads consisting of top-quality visual cameras, such
as DJI Technology's Zenmuse Series, Autel Robotics' DG series, and Aeryon Labs
Inc.'s HDZoom30.
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Understanding the Core Segments
in the Autonomous Aircraft Market
Autonomous Aircraft Market Size,
Share & Industry Trends Analysis- By Aircraft Type (Fixed Wing, Rotary
Wing), By Technology (Increasingly Autonomous, Fully Autonomous), By Component
(Radars & Transponders, Propulsion Systems, Actuation System, Air Data
Inertial Reference Units, Flight Management Computers, Others), By End-User
(Air Medical Service, Commercial Aircraft, Defense, Cargo & Delivery
Aircraft) and others
Geographical Analysis of the Autonomous Aircraft
Market
By Region
- North
America
- South
America
- Europe
- The
Middle East & Africa
- Asia-Pacific.
The North American region held the highest
market share in the Global Autonomous Aircraft Market and is expected to
continue its dominance during the forecast period.
Who Dominates the Autonomous
Aircraft Market Insights on Key Industry Players?
Companies
are strengthening their presence in the Autonomous Aircraft market by adopting
strategies such as forming strategic alliances, leveraging AI, entering
partnerships, pursuing mergers and acquisitions, expanding into new regions,
and introducing innovative products and services.
·
AeroVironment,
Inc.
·
Airbus
S.A.S.
·
BAE
Systems
·
Boeing
·
Elbit
Systems
·
Embraer
·
Lockheed
Martin Corporation
·
Northrop
Grumman Corporation
·
Raytheon
Technologies
·
Saab
AB
·
General
Atomics Aeronautical Systems
·
Textron
Inc.
·
RTX
Corporation
·
Others.
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